Diversified Trust Co bought a new stake in Hanger, Inc. (NYSE:HNGR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,371 shares of the company’s stock, valued at approximately $228,000.
A number of other hedge funds have also recently bought and sold shares of the business. Sei Investments Co. lifted its holdings in Hanger by 7.0% in the third quarter. Sei Investments Co. now owns 22,900 shares of the company’s stock valued at $362,000 after acquiring an additional 1,500 shares during the period. Public Employees Retirement System of Ohio bought a new position in Hanger in the third quarter valued at about $82,000. California State Teachers Retirement System lifted its holdings in Hanger by 2.3% in the third quarter. California State Teachers Retirement System now owns 55,972 shares of the company’s stock valued at $885,000 after acquiring an additional 1,253 shares during the period. Jane Street Group LLC bought a new position in shares of Hanger in the third quarter worth about $549,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Hanger by 58.1% in the third quarter. Cubist Systematic Strategies LLC now owns 24,632 shares of the company’s stock worth $390,000 after buying an additional 9,048 shares during the period. 90.40% of the stock is currently owned by institutional investors.
NYSE:HNGR opened at $23.06 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.11 and a debt-to-equity ratio of 15.28. Hanger, Inc. has a 12-month low of $11.31 and a 12-month high of $27.74. The stock has a 50-day moving average price of $22.65 and a 200 day moving average price of $20.76. The stock has a market capitalization of $878.79 million, a P/E ratio of 21.75 and a beta of 2.53.
HNGR has been the topic of several recent research reports. Zacks Investment Research downgraded Hanger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 6th. BidaskClub downgraded Hanger from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd. ValuEngine raised Hanger from a “hold” rating to a “buy” rating in a research note on Friday, October 2nd. Finally, TheStreet downgraded Hanger from a “b-” rating to a “c” rating in a research note on Monday, November 9th.
Hanger Company Profile
Hanger, Inc provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services.
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